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Bank of Baroda – Q3FY26
1 Feb 2026, 9:49AM

  • NIMs were below estimates, down 17 bps QoQ owing to asset repricing, change in loan mix and elevated wholesale liabilities cost.
  • NII was up 0.1% YoY, fee income was also flat and treasury gains supported total income.
  • Operating expenses increased modestly while credit costs declined owing to benign asset quality as GNPA ratio was down 12 bps sequentially.
  • Net profit stood at Rs 5055 crore, up 4.5% YoY, ahead of estimates and was driven by lower provisions. 

Particulars

Q3FY26

Q3FY25

YoY

Q2FY26

QoQ

Net Interest Income

11,800

11,786

0.1%

11,954

-1.3%

Other income

3,600

3,400

5.9%

3,515

2.4%

Net Income

15,401

15,186

1.4%

15,469

-0.4%

Opex

8,024

7,522

6.7%

7,893

1.7%

Operating Profit

7,377

7,664

-3.7%

7,576

-2.6%

Provisions

799

1,082

-26.2%

1,232

-35.2%

PAT

5,055

4,837

4.5%

4,809

5.1%

 

         

Advances

13,25,074

11,51,316

15.1%

12,58,337

5.3%

Deposits

15,46,749

14,02,911

10.3%

15,00,011

3.1%

 

         

NIMs %

2.79

3.04

-25 bps

2.96

-17 bps

GNPA %

2.04

2.43

-39 bps

2.16

-12 bps

NNPA %

0.57

0.59

-2 bps

0.57

0 bps

PCR %

72.2

76.0

-382 bps

74.1

-192 bps

 

Actual versus estimates

Particulars

Q3FY26

Q3FY26E

Var

Net Interest Income

11,800

12,083

-2%

Operating Profit

7,377

7,818

-5.6%

PAT

5,055

4,897

3.2%

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